Arihant Foundation & Housing Limited reported unaudited standalone earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company reported net sales of INR 154.913 million compared to INR 971.551 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 30.366 million compared to INR 48.249 million a year ago. Profit from ordinary activities before tax was INR 6.213 million compared to INR 7.080 million a year ago. Net profit from ordinary activities after tax was INR 3.713 million compared to INR 6.580 million a year ago. Net profit for the period was INR 3.713 million compared to INR 6.560 million a year ago. Basic and diluted net profit per share was INR 0.43 compared to INR 0.76 a year ago. For the six months, the company reported net sales of INR 248.400 million compared to INR 1,087.647 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 54.040 million compared to INR 79.984 million a year ago. Profit from ordinary activities before tax was INR 14.369 million compared to INR 13.523 million a year ago. Net profit from ordinary activities after tax was INR 10.369 million compared to INR 11.923 million a year ago. Net profit for the period was INR 10.369 million compared to INR 11.923 million a year ago. Basic and diluted net profit per share was INR 1.20 compared to INR 1.39 a year ago.

Arihant Foundation & Housing Limited, Board Meeting, May 14, 2013. Agenda: To consider the quarterly results.

Arihant Foundation & Housing Limited at the AGM held on March 30, 2013, the shareholders not approved the declaration of final dividend of 10%, INR 1 per equity share on the paid-up capital of the company absorbing an amount of INR 8,600,000 for the financial year ended September 30, 2012.